Solve the given problem below. Show your solution. 1. Mr. Lorenzo wants to deposit P125.000 in a bank. Two different banks offers different scheme of investing his money. The first bank, Bank Matatag, offers a simple interest rate of 6% for 3 years. While the second bank, Bank Masipag, offers a 6% interest compounded quarterly for three years. Which bank shall Mr. Lorenzo choose that will give him a much greater money after 3 years? Show your solution and short explanation